KFin Technologies IPO vs Radiant Cash Management IPO

Comparision between KFin Technologies IPO and Radiant Cash Management IPO.

IPO Details

KFin Technologies IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Radiant Cash Management IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	KFin Technologies IPO	Radiant Cash Management IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	ICICI Securities Limited Kotak Mahindra Capital Company Limited J.P. Morgan India Private Limited Iifl Securities Ltd Jefferies India Private Limited	Iifl Securities Ltd Motilal Oswal Investment Advisors Limited Yes Securities (India) Limited
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of KFin Technologies IPO is up to ₹1,500.00 Cr whereas the issue size of the Radiant Cash Management IPO is up to ₹256.64 Cr. The final issue price of KFin Technologies IPO is ₹366.00 per share and of Radiant Cash Management IPO is ₹94.00 per share.

	KFin Technologies IPO	Radiant Cash Management IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)	₹347.00 per share	₹94.00 per share
Issue Price (Upper)	₹366.00 per share	₹99.00 per share
Issue Price (Final)	₹366.00 per share	₹94.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	40 shares	150 shares
Fresh Issue Size		54,54,546 shares
Fresh Issue Size (Amount)		up to ₹54.00 Cr
OFS Issue Size	4,09,83,607 shares	2,12,22,431 shares
OFS Issue Size (Amount)	up to ₹1,500.00 Cr	up to ₹202.64 Cr
Issue Size Total	4,09,83,607 shares	2,66,76,977 shares
Issue Size Total (Amount)	up to ₹1,500.00 Cr	up to ₹256.64 Cr

IPO Timetable

KFin Technologies IPO opens on Dec 19, 2022, while Radiant Cash Management IPO opens on Dec 23, 2022. The closing date of KFin Technologies IPO and Radiant Cash Management IPO is Dec 21, 2022, and Dec 27, 2022, respectively.

	KFin Technologies IPO	Radiant Cash Management IPO
Anchor Bid Date	Dec 16, 2022	Dec 22, 2022
Issue Open	Dec 19, 2022	Dec 23, 2022
Issue Close	Dec 21, 2022	Dec 27, 2022
Basis Of Allotment (Tentative)	Dec 26, 2022	Dec 30, 2022
Initiation of Refunds (Tentative)	Dec 27, 2022	Jan 02, 2023
Credit of Share (Tentative)	Dec 28, 2022	Jan 03, 2023
Listing date (Tentative)	Dec 29, 2022	Jan 04, 2023
Anchor Lockin End date 1	Jan 25, 2023	Jan 29, 2023
Anchor Lockin End date 2	Mar 26, 2023	Mar 30, 2023

Financials

KFin Technologies IPO P/E ratio is 35.92, as compared to Radiant Cash Management IPO P/E ratio of 17.34.

KFin Technologies IPO

Radiant Cash Management IPO

Financial

KFin Technologies Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-19	1021.78	164.76	8.96	519.28	406.01
31-Mar-20	868.38	455.26	4.52	409.58	375.44
31-Mar-21	922.61	486.2	-64.51	346.4	346.13
30-Sep-21	973.26	293.43	67.8	269.95	321.44
31-Mar-22	1026.41	645.56	148.55	644.34	122.51
30-Sep-22	1114.81	353.76	85.34	736.72	126.24
Amount in ₹ Crore

Radiant Cash Management Services Limited Financial Information (Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-19	141.44	223.13	25.02	105.72	17.73
31-Mar-20	157.62	251.78	36.5	119.57	21.13
31-Mar-21	162.14	224.16	32.43	127.1	11.05
31-Mar-22	190.57	286.97	38.21	139.76	26.75
30-Jun-22	203.95	84.38	15.32	155.19	25.54
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

74.37%

66.39%

Promoter Shareholding (Post-Issue)

49.91%

53.21%

P/E Ratio

35.92

17.34

Market Cap

₹6133.02 Cr.

₹1062.41 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the KFin Technologies IPO retail investors (RII) are offered 43,22,766 shares while in Radiant Cash Management IPO retail investors are offered 43,22,766 shares. Qualified institutional buyers (QIB) are offered 1,29,68,300 shares in KFin Technologies IPO and 78,37,121 shares in Radiant Cash Management IPO.

	KFin Technologies IPO	Radiant Cash Management IPO
Anchor Investor Reserveration	1,84,42,623 shares
Market Maker Reserveration
QIB	1,29,68,300 shares	78,37,121 shares
NII	64,84,149 shares	58,77,841 shares
RII	43,22,766 shares	1,37,14,963 shares
Employee	0 shares	0 shares
Others
Total	2,37,75,215 shares	2,74,29,925 shares

Bids Received (Subscription)

KFin Technologies IPO subscribed 2.59x in total, whereas Radiant Cash Management IPO subscribed 0.53x.

	KFin Technologies IPO	Radiant Cash Management IPO
QIB (times)	4.17x	1.01x
NII (times)	0.23x	0.66x
Big NII (times)	0.25x	0.94x
Small NII (times)	0.20x	0.09x
RII (times)	1.36x	0.21x
Employee (times)
Other (times)
Total (times)	2.59x	0.53x

Compare with others

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Radiant Cash Management IPO	Signatureglobal India IPO
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Elin Electronics IPO	Sah Polymers IPO
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